# Quendoo OOD

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/quendoo-ood

- Industry: Software
- Headquarters: Sofia, Bulgaria
- Website: www.quendoo.com
- Total disclosed funding: $0.9M
- Latest round: Series A (Jan 18, 2021)
- Investors on record: 1

## About

Quendoo OOD develops innovative hotel optimization software, delivering integrated solutions that enhance booking management and streamline hospitality operations for businesses worldwide.Founded in 2020 in Sofia, Bulgaria, Quendoo OOD focuses on providing hotel optimization software solutions. The company raised EUR 0.75 million in Series A funding on January 18, 2021, led by Vitosha Venture Partners. The founders, Georgi Ivanov and Gorian Varbanov, have a background in technology and business development. Quendoo has completed one funding deal to date, with a current valuation of EUR 5.75 million.Quendoo specializes in next-generation hotel optimization software that offers a suite of integrated solutions designed to enhance booking management and streamline operations for hospitality businesses. Their core product line includes a frictionless booking engine that facilitates direct bookings, helping hotels reduce reliance on Online Travel Agencies (OTAs) and associated fees. Additionally, Quendoo provides powerful distribution tools that allow for effective inventory management and pricing optimization through applied analytics. The software also enables hotels to implement customized loyalty programs, thereby encouraging repeat business without incurring extra costs. Serving a diverse clientele that spans various geographical markets, Quendoo’s solutions are particularly beneficial for hotel operators looking to improve guest experiences, enhance review scores, and maximize average daily rates (ADR).Quendoo's revenue model is primarily subscription-based, offering hotels various pricing plans for their software solutions. Clients typically engage in annual or monthly subscription agreements, allowing them to access the full range of Quendoo's services, including its booking engine and distribution tools. The company’s flagship products, which are integral to its revenue generation, include the booking engine and the analytics-driven inventory management system. This structure facilitates a seamless transactional relationship between Quendoo and its clients, enabling hotels to optimize their operations while providing a reliable platform for guest engagement. Although specific pricing details are undisclosed, the tiered subscription model allows for flexibility in service levels, catering to a wide array of hospitality establishments from small boutique hotels to larger chains.Quendoo OOD plans to leverage its recent Series A funding of EUR 0.75 million raised on January 18, 2021, to develop new products and enhance its existing offerings. The company aims to launch new features and tools that improve user engagement in the next year. Additionally, Quendoo is targeting expansion into various European markets, including Germany and France, by 2023. This growth strategy focuses on enhancing its customer base and increasing market penetration within the hospitality industry.

## Funding rounds

- Series A, Jan 18, 2021, $0.9M — Vitosha Venture Partners

## Investors

- Vitosha Venture Partners (https://capitalatlas.ai/funds/vitosha-venture-partners) — Series A